Section 194B of Income Tax Act

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Lump sum vs annual payments The first thing to consider in calculating lottery winnings is whether you will accept the prize as

Under existing rules of the Income Tax Act 1961, the following are Other income such as lottery and other legal gambling, dividend income, etc

aftershock frenzy slot With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after

after dark slot State tax rates on lottery winnings vary If you live in Ohio, your state tax rate for lottery winnings is % So after federal and state